Moors & Cabot Inc. Decreases Stock Holdings in TJX Companies Inc (NYSE:TJX)

Moors & Cabot Inc. reduced its stake in shares of TJX Companies Inc (NYSE:TJX) by 15.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,729 shares of the apparel and home fashions retailer’s stock after selling 18,966 shares during the quarter. TJX Companies makes up 0.7% of Moors & Cabot Inc.’s holdings, making the stock its 29th largest position. Moors & Cabot Inc.’s holdings in TJX Companies were worth $4,819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sugarloaf Wealth Management LLC purchased a new position in shares of TJX Companies in the 4th quarter valued at $28,000. FSA Wealth Management LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $29,000. Solstein Capital LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $31,000. Atlas Private Wealth Management purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $37,000. Finally, Beutel Goodman & Co Ltd. purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 89.45% of the company’s stock.

Several research firms recently issued reports on TJX. Telsey Advisory Group increased their price target on shares of TJX Companies from $68.00 to $72.00 and gave the stock an “outperform” rating in a report on Monday, February 24th. Wells Fargo & Co upped their target price on shares of TJX Companies from $65.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, May 22nd. Robert W. Baird lowered their target price on shares of TJX Companies from $72.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, April 9th. Loop Capital lowered their target price on shares of TJX Companies from $72.00 to $60.00 in a research report on Friday, May 22nd. Finally, MKM Partners upped their target price on shares of TJX Companies from $70.00 to $74.00 in a research report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. TJX Companies presently has an average rating of “Buy” and a consensus target price of $64.23.

NYSE TJX traded up $0.27 during mid-day trading on Monday, reaching $53.03. 2,170,581 shares of the stock were exchanged, compared to its average volume of 10,803,300. TJX Companies Inc has a 1-year low of $32.72 and a 1-year high of $64.95. The business’s fifty day simple moving average is $49.00 and its 200 day simple moving average is $55.72. The stock has a market capitalization of $63.36 billion, a PE ratio of 38.61, a PEG ratio of 7.57 and a beta of 0.71. The company has a debt-to-equity ratio of 3.19, a quick ratio of 1.15 and a current ratio of 2.20.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.56). The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.92 billion. TJX Companies had a net margin of 4.57% and a return on equity of 31.29%. The firm’s quarterly revenue was down 52.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 earnings per share. On average, analysts anticipate that TJX Companies Inc will post 0.66 EPS for the current year.

In other news, Director Rosemary T. Berkery purchased 3,000 shares of the stock in a transaction on Friday, May 22nd. The stock was purchased at an average price of $55.30 per share, with a total value of $165,900.00. 0.18% of the stock is currently owned by company insiders.

TJX Companies Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Institutional Ownership by Quarter for TJX Companies (NYSE:TJX)

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